409.606 – Time of default for agricultural lien.
409.606 Time of default for agricultural lien. For purposes of this subchapter, a default occurs in connection with an agricultural lien at the time the secured party becomes entitled to enforce the lien in accordance with the statute under which it was created. History: 2001 a. 10.
409.607 – Collection and enforcement by secured party.
409.607 Collection and enforcement by secured party. (1) Collection and enforcement generally. If so agreed, and in any event after default, a secured party: (a) May notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party; (b) May take […]
409.608 – Application of proceeds of collection or enforcement; liability for deficiency and right to surplus.
409.608 Application of proceeds of collection or enforcement; liability for deficiency and right to surplus. (1) Application of proceeds, surplus, and deficiency if obligation secured. If a security interest or agricultural lien secures payment or performance of an obligation, the following rules apply: (a) A secured party shall apply or pay over for application the […]
409.609 – Secured party’s right to take possession after default.
409.609 Secured party’s right to take possession after default. (1) Possession; rendering equipment unusable; disposition on debtor’s premises. After default, a secured party: (a) May take possession of the collateral; and (b) Without removal, may render equipment unusable and dispose of collateral on a debtor’s premises under s. 409.610. (2) Judicial and nonjudicial process. A […]
409.601 – Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes.
409.601 Rights after default; judicial enforcement; consignor or buyer of accounts, chattel paper, payment intangibles, or promissory notes. (1) Rights of secured party after default. After default, a secured party has the rights provided in this subchapter and, except as otherwise provided in s. 409.602, those provided by agreement of the parties. A secured party: […]
409.602 – Waiver and variance of rights and duties.
409.602 Waiver and variance of rights and duties. Except as otherwise provided in s. 409.624, to the extent that they give rights to a debtor or obligor and impose duties on a secured party, the debtor or obligor may not waive or vary the rules stated in the following listed sections: (1) Section 409.207 (2) […]
409.603 – Agreement on standards concerning rights and duties.
409.603 Agreement on standards concerning rights and duties. (1) Agreed standards. The parties may determine by agreement the standards measuring the fulfillment of the rights of a debtor or obligor and the duties of a secured party under a rule stated in s. 409.602 if the standards are not manifestly unreasonable. (2) Agreed standards inapplicable […]
409.604 – Procedure if security agreement covers real property or fixtures.
409.604 Procedure if security agreement covers real property or fixtures. (1) Enforcement: personal and real property. If a security agreement covers both personal and real property, a secured party may proceed: (a) Under this subchapter as to the personal property without prejudicing any rights with respect to the real property; or (b) As to both […]